Billionaire Hughes Chasing Blackstone as Rental King: Mortgages

Daniel P. Derella/AP Photo

B. Wayne Hughes, left, owner of Public Storage and Kentucky Derby hopeful Greeley's Galaxy, is congratulated by Afleet Alex's trainer Tim Ritchey, after he made the winning bid of $37,000 in a fundraising auction to breed a horse with Afleet Alex at Churchill Downs, in this file photo in Louisville, Ky.